GM to invest $1 bln in Mexico to build electric vehicles

URLhttps://www.reuters.com/business/autos-transportat
SourceReuters
Date Published04/29/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name General Motors Company
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):1000
City reshored to:Coahuila
State(s) reshored to:Mexico
If relevant, work nearshored to:-
Industry(ies):Chemicals, Electrical Equipment, Appliances & Components
Product(s) reshoredbatteries, electrical components, vehicle painting
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Under-utilized capacity
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